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Disappoint. Weve not only had a strong report but a revision higher. The upward revision to the prior two months. Dont write off the economy just yet. Its got a lot of fuppedmental strength. The u. S. Economy is very resilient. A lot stronger than people think. The fed is in a good spot. I dont think that the fed does anything differently as a result of this other than pat themselves on the back. A pat on the back. This is like a picture perfect soft landing is what theyre on track for. Joining me around the table, bob, prima and gershen. To begin with you a solid payrolls report. I thought we would make this show by making up excuses for a weak jocks number. We we have a strong jobs number. I dont think this number told us a whole lot. Weve known the market is strong. Is slowing, but i think the big question is is the slowdown is a manufacturing slowdown, is that having an impact on the labor market . Not yet. It actually solidifies this. Im not sure the fed is done because at some po ....
Is in singapore for us and following this story closely. Maybe just explain to us who really needs because. I can guess a lot of these deals that beijing is doing with paris are just side deals in comparison to its problems and deals its trying to strike with the u. S. It may look like a site deal at 1st glance ben but china has smart and up its power playing now with the Us Withdrawing from the paris climate agreement and china reaffirming it actually makes china the lesser of the 2 bet guys what doesnt help the u. S. Image at this moment is todays a report by the United Nations that said that the u. S. Tariffs on chinese goods has hurt both economies and especially hurt American Consumers at the heart of it all so doing business on the environmental front is also quite a tricky one right now and a balancing act tel ....
Theres lots more on all our stories on our website. Just log onto bbc. Co. Uk news. Now on bbc news, live to singapore for Asia Business report. Dampened expect patients. The us and china sit down later today for a 13th round of trade talks. Both sides may walk away empty handed. Union walkers of the United States entered their fourth week on the picket line with no resolution in sight. Union workers. Good morning, asia. Hello, world. This is thursday, thank you for joining us for another exciting addition of Asia Business report. Lets start with the ongoing us china trade war because the 13th round of talks is set to resume in washington, dc today. This is the first meeting between top negotiators on us soil since the trade talks collapsed in may. But there is little hope they will be productive. News reports are saying th ....
Im Francine Lacqua here in london. These are your markets. You see a little bit of a lift to the markets. 0. 2 . 600 gaining a little bit of optimism that the trade war between the u. S. And. China is not getting worse. There. Worse. Ing there is also a little bit of optimism after we spoke to the boston fed president , Eric Rosengren. Conte, thecting mr. Prime minister of italy, to address the senate later on. Coming up, our exclusive conversation with bostons fed president , Eric Rosengren. We will hear a lot more from him about the inverted yield curve. Lets get to the bloomberg first word news. Leader,kongs embattled carrie lam, is trying to end over two months of protests during new dialogue. The protest began over opposition to a controversial extradition legislation. They grew to a wider antigovernment movement. ....
Washington says the meeting was constructive. Joe biden is the front runner of the democrats second night of debates. Breaking news out of south korea. We are getting cpi Inflation Numbers missing expectations for the month to month. It is contracting 0. 3 . The second month seen cpi inflation in south korea track in the negatives. In expectation of prices to stay flat, but we are seeing deceleration monthtomonth. Year on year, it is also a miss. 0. 6 tion accelerating instead of the expected 0. 8. Also deceleration from the previous month of june. Year on year growth of 1 acceleration of core cpi year on year. That is a little above expectations, but the numbers that matter, monthtomonth and year on year are missing estimates. Monthtomonth deceleration and deflation for a second consecutive month. We have seen pressure given oil 14 es, brent crude was down on average. This could put pressure on prices. We still have to say, ve ....